~ A Blog on Gems

Rapaport Weekly Market Comment

Rough market cools slightly as De Beers raises prices an average 2% to
3% at $530M June sight. De Beers limiting supply to support prices and align
with sluggish polished sales. Hong Kong show begins with rising expectations
for Chinese demand, after Las Vegas demonstrated cautious and changing US
market. Declining mall traffic and popularity of custom-made bespoke jewelry
impacting jewelers’…